Surge Copper Corp (SURG) — Defensive Interval Ratio

Latest as of December 2023: 104 days

Surge Copper Corp (SURG) has a Defensive Interval Ratio of 104 days as of December 2023. Defensive assets of CA$98.74K (cash CA$-, short-term investments CA$-, receivables CA$98.74K) cover 104 days of daily cash needs of CA$949.76/day.

Defensive Interval Ratio

104 days
Days of operational coverage

Defensive Assets

CA$98.74K
Cash + ST Investments + Receivables

Daily Cash Need

CA$949.76
Current Liabilities ÷ 365

Current Liabilities

CA$346.66K
CAD

Surge Copper Corp Defensive Interval Ratio (2001–2023)

This chart shows how Surge Copper Corp's Defensive Interval Ratio has evolved across 23 annual periods from 2001 to 2023. As of December 2023, the ratio stands at 104 days, meaning defensive assets of CA$98.74K can fund 104 days of operations without new revenue. For the complete balance sheet picture, see Surge Copper Corp total assets.

Annual Defensive Interval Ratio for Surge Copper Corp (2001–2023)

The table below presents the year-by-year Defensive Interval Ratio for Surge Copper Corp from 2001 to 2023, covering 23 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See SURG net working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (CAD) Daily Cash Need Cash ST Investments Change (days)
2023 12 days CA$39.65K CA$3.42K/day CA$- CA$- ▼ -69 days
2022 80 days CA$344.89K CA$4.29K/day CA$- CA$- ▼ -36 days
2021 116 days CA$137.45K CA$1.18K/day CA$- CA$- ▲ +109 days
2020 8 days CA$1.73K CA$225.12/day CA$- CA$- ▼ -975 days
2019 983 days CA$162.59K CA$165.43/day CA$- CA$- ▲ +960 days
2018 23 days CA$8.53K CA$370.60/day CA$- CA$- ▼ -20 days
2017 43 days CA$15.44K CA$358.82/day CA$- CA$- ▼ -64 days
2016 107 days CA$77.96K CA$727.52/day CA$- CA$- ▼ -629 days
2015 736 days CA$313.86K CA$426.30/day CA$- CA$- ▼ -2795 days
2014 3531 days CA$1.78 Million CA$503.56/day CA$- CA$- ▲ +3408 days
2013 124 days CA$65.80K CA$532.51/day CA$- CA$- ▼ -87 days
2012 210 days CA$123.39K CA$587.31/day CA$- CA$- ▲ +156 days
2011 54 days CA$38.71K CA$715.27/day CA$- CA$- ▲ +34 days
2010 20 days CA$28.26K CA$1.40K/day CA$- CA$- ▲ +15 days
2009 5 days CA$8.54K CA$1.68K/day CA$- CA$- ▼ -131 days
2008 136 days CA$187.37K CA$1.38K/day CA$- CA$- ▲ +14 days
2007 122 days CA$51.76K CA$424.50/day CA$- CA$- ▲ +10 days
2006 111 days CA$52.72K CA$473.12/day CA$- CA$- ▼ -13 days
2005 125 days CA$72.85K CA$584.62/day CA$- CA$- ▲ +110 days
2004 15 days CA$6.53K CA$446.37/day CA$- CA$- ▼ -15 days
2003 29 days CA$7.38K CA$250.27/day CA$- CA$429.00 ▲ +4 days
2002 26 days CA$6.06K CA$236.63/day CA$- CA$429.00 ▼ -92 days
2001 118 days CA$16.19K CA$137.33/day CA$- CA$2.14K —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)